Michigan’s University Research Corridor contributed $17.5 billion to Michigan’s economy in fiscal year 2014, an increase of $700 million over the previous year, according to the report released last month.
The URC, which includes U-M, Michigan State University and Wayne State University, also ranked highly in the transfer of research and development. It surpassed its five-year average for the number of patents issued, licensing and options activity, and invention disclosures for the third straight year.
“The URC continues to lead the country in talent creation, producing graduates in medical fields and advanced degree programs at a higher rate than every other university cluster,” said U-M President Mark Schlissel. “Our immense pool of talent helps drive the economy and makes Michigan a more attractive place to live and do business.”